The weekly Republican., November 30, 1911, INDUSTRIAL NUMBER, SECTION FOUR, Image 26

About The weekly Republican. (Plymouth, Ind.) 1911-1922

Image provided by: Indiana State Library

                
üi THE PLYMOUTH STATE BANK
nn
HE Plymouth State Bank, on?
cf the mcst solid financial
institutions of Northern In-!
" T 1
-;iia: a. lias
organ-
sinc? its
ization in 1S92 occupied a most
prominent position in the financial
affairs of Marshall county ana this
section of the State.
When David E. Snyder and Oliver
Ci. Soice promoted this Bank they
foresaw at the start that only by
strict application of sound hanking
principles, hard work and economy
could they hope to see their efforts
crowned with the successful results
they desired.
But with the determination to
build up in Plymouth a banking in
stitution that would reflect credit
not only on the city but on them
selves as well, they associated some
of the best men of the county noted
locally for their acumen and busi
ness sagacity with them in the un
dertaking. At the first meeting of the stock
holders nine directors were elected
of which David E. Sn viler, Chas.
T. Mattinnlv and Oliver G. Soice
are the sole survivors. The. others
have all passed to the great beyond
and were faithfully serving: the bank
in their official capacity when their
summons came.
To show the regard and esteem in
which they were held by their fel-
low officers their life-size portraits
adorn the walls of the bank and
smile down upon the patrons, as if
to ?ay. 'Tho absent in the body.
we are with you still. "
The vacancies occasioned by death
have been filled by capable and efT-
eient successors until the personnel
of the board of directors is as strong:
today as it ever was.
i
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HllllTEii
STATE BANK BLOCK.
At the first meeting of the board
cf directors David E. Snyder and
Oliver G. Soice were elected presi
dent and cashier of the bank respec
tively, which positions tliey have
continuouslv held ever since. That
the bank has been eminently success
ful is shown by their quarterly re
ports. At the present time their sur
plus and undivided profits are
.0a.0rt0.00 in addition to which it
has paid a reasonable semi-annual
dividend since its organization.
David E. Snyder, the president
cf the bank, was born in Marshall
Countv sixty years ao and the
county has Leen Iiis home ever since.
His business life has been so in
timately interwoven with the finan
cial affairs of this community that
it would be hard to think of a trans
action of any importance during the
and since l is advent here lie has
been conspicuous in the social, po-j
litical and financial affairs of the
county.
He came here when quite a voting
man and while the honors of ap
proaching aire sit lightly upon him.
he is not however considered a
4 'spring chicken" any longer.
Uesides large real estate holdings
in this city. Mr. Mattingly has sev
eral large and valuable farms in
this county which occupy much of
his attention. He also has in con
nection with his S'v.n .Ralph Mat
tiimly, large lumber interests
Tennessee.
As a business man Mr. Mattingly
is known as most careful, conser
vative and sound and his advice inj
th- management of the bank is al
loys highly appreciated and the
4bf,nk Ti-;h" with whom he is quite
H l.i.H hepe they may be spa vd
for many years the 4 'pleasure" of
hanging 1 is picture on the wall.
Oliver (. Soice. cashier of the;
Dank since its first organization, and
whose portrait appears her.e is a
has been more or less connected with
it.
That he has been eminently suc
cessful in accumulating a compe
tency is well known and he is con
sidered in the business circles of this
section as a most conservative and
caretm mmm-iei. Marshall countv product, having
While he yet devotes much time ljCC.n brn in firemen ."li years ago.
earintr for his bankinr and other in- e ame to Plymouth when hut 1;
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tresK the most of his time is spent
looking alter his farm located a few
Oliver C Soice. Cashier State Bank.
years old and entered upon his busi
ness eareer as deputy treasurer of
milt s south of Plymouth, where lie j Marshall count v.-He faithfullv serv-
makes his summer home and prides; v, jn K!at capacity for twelve years
himself in making believe he is a m was then rewarded bv being
"irenuine farmer.''
Nevertheless lie can show
tine thoroughbreds and rood crops
of grain as r. result of his efforts.
Charles T. Mattingly. vice presi
dent of the bank, is another very
prominent and successful financier
of larshall County. Nearly all his
j elected ounty treasurer, which office
some he tilled for four years.
At t lie expiration of his term of
otlice as treasurer in connection with
David E. Snyder, he ..promoted and
organized the Plymouth State Bank
lie was on its first directorate and
at the first meeting thereof was elect
past twenty-five years but what he! life has been spent in Plymouth ! ed Cashier, both of which positions
he has since c ntinously held. Mr.
Soice is so well and favorably known
throughout Marshall county and
Plymouth in particular, that any-
tiling- we might say of him would
seen su peril nous.
He is considered a keen, shrewd,
observing financier; yet withal pos
sessed of such an agreeable person
ality that all who come in con-
with him become his friends. To
stand in the hank on a busy day and
hear him familiarly called "01" bv
the patrons shows how strong he is'
in tli? atlViiions of the people. It
is that genuine personality (not put
en) that has contributed so largely
to the su--e.-s of the bank and need
less to say he is more than proud of 1
the institution lie has worked so
hard to build up and he likes to
boast of the fact that lie has never
missed a directors meeting since its
lirst organization. !
In addition to being cashier of the!
bank Mr. Soice is a member of the !
Plymouth School Board a. id has
been for several years it treasurer.
He is a prominent member of the
Knights Templar and subordinate
Masonic lodges: also a member of
the Knights of Pythias and the
I? oval Arcanum lodges of this city
He says he is yet g-ood for many
years of active service and propose-?
to 44 wear out rather than rust out"'
in life.
Last but not least of the officers
we desire to mention Miss Carrie K.
Peeves, the able assistant cashier,
who has also contributed much ti
help build up the bank to its present
prosperous condition. She has bee:-:
in the employ of the bank sin
October '2.1 isJW. ami has alwaxs
possessed the utmost confidence and
respect of the Directors. L. F.Heln:.
Claud C. (larrison and Miss Trella
M. Wood who constitute the oilier
force are also entitled to commenda
tory mention for the interest they
take in their work at the bank.
The Directors of the bank in ad
dition to the principal oilicers above
mentioned are Fred H. Myers, pres
ent county treasurer and Samuel
(irel.ing.u. a retired capitalist of
this city. They are both -hrewd
tinanchrs and add much t tiie
strength of the institution.
The bank carries on business in it,
own building-, a tine structure l :ir
ed at the corner of Michigan and
( la rro streets. Built at a cost ,,f
.1 .-..ooo.oo. of Bedford stone, it adds
much to the appearance of Michi-.m
street and is a credit to t ie citv.
The Technical "World Magazine
says: 4 4 Never run after n woman.
or a street car: there will be an
other one along in a few minutes."
PEAT IN MARSHALL COUNTY
Industry Represented by Farm of Charles F. Brown of Tyner
S Oj.
One of the latent Industrie
Marshall county, and which xie be
lieve will some day be among the
important interests, is the peat in
dustry. - The well known properties of peat
for fuel need not be spoken of. for
its value is recognized by everyone
who knows anything' about peat.
Thousands of acres of peat lie un
used in the United States for want
of proper business organizations to
put this valuable product on the
market.
The State Geological reports of
Indiana have already pointed out
jnst where the peat deposits are in
Marshall county, and they are there
fore easy to find. The chi?f of them
are in Herman township, in the Lake
of the "Woods region, in Xorth town
ship, in the vicinity of LaPaz; in
Polk township in the vicinity of
Tvuer: and in manv parts of West
township. The best of these de
posits is at Tyner.
Mr. Chas. F. Hrawn has twenty
acres cf peat, lying just east of the
town which he says is the nest tobe
found in thevUnited State?. He has
dug some of tl is peat with the spade
and sold it. after drying. It prov
ed to he a good fuel. The hard and
slow method f the shoyel. however,
was net profitable or desirable, and
Mr. I'rown has been trying- to in
terest capital in his project of put
ting in machinery to manufacture
the peat into briquettes or cakes
for the market.
From time to time Mr. Drown has
had examinations made of his peat.
"Under The Horseshoe Lies Plymouth"
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has had chemical tests of every kind,
and t':e most tin. rough possible, to
determine beyond doubt just what
kind of peat deposits he had. All
of these experiments, investigations
and te.-ts prove more conclusively
than ever that his peat deposits are
the best to be found anywhere.
Mr. Ilrown has practically closed
contracts with some capitalists to
install proper machinery and begin
the manufacture of peat fuel. He
expects now to begin operations in
the spring.
This deposit of peat is In a basin
and there has Leen no chance for
any of the fuel properties to drain
eft'. It has been found that this
peat, in addition to being- a fine fuel,
has in if also a fine lubricating oil.
which Mr. Brown expects to pro
duce as a by-product of the peat
business. In this twenty acres there
is enough to last a big factory the
space of -0 years, turni.ig; out a
daily product of 200 ion?.
It is earnestly hoped that Mr.
iJrnvn will be able to put n good
plant into operation and that this
impor'mt industry may Tje develop
ed in our county. There are ele
posits enough in Marshall county to
biing lar,-e sums of money here in
return for our peat and its by-products.
In order that as many as
possible may realize the value i"
thes? peat deposits, we epiote the
following from a bulletin of the
United States Geological Survey
issued in October:
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In Plymouth at 122 S. Center Street Lies C. L Switzer's
Second Hand
Store
The only place in Plymouth where
you can exchange old for new furni
ture. A full line of both new and
second hand goods always on hand.
Also Ranges, Wood, Hard and Soft
Coal, Cook and Heating Stoves.
Rugs, Carpets, Couches and every
thing usually kept in a first class
second hand store.
C. L
122 Center St.
SWITZ'ER
Phone 466 PLYMOUTH, IND.
4The great peat deposits of the
United States seem destined to re
main an undeveloped resource, at
least for some time to . come, not
througb any ignorance of their prac
tical value. According to Charles
A. Davis, in an advance chapter on
the production of p?at from Mineral
Resources of the United. States, for
1910. which is issued by the United
States (jeoloirical Survev, note
worthy progress was made in 1910.
in tie production of peat fuel in,
other countries than the United
States, not only in the quantity ac
tually marketed but also in methods
of production and utilization. In
this country, however, although it
is generali known that there are
large quantities of material good for
fuel in the peat bogs and swamps of
the northern and eastern parts of
the country, but little progress has
been made ) developing this re
source on a commercial scale.
In commenting on the growing use
cf poat in Europe Mr. Davis refers
to its valu3 as a gas producer, the
resulting -4 producer gas" having a
recognized high value for fuel and
power. In a recently perfecteel gas
producer it has been found that in
converting p.at containing a good
percentag? of nitrogen ito gas a
larse amount cf ammonia, greatlv
valued as a fertilizer, can be ob-
The town of Argos is most cele
brated as the home of the National
Hardware Bulletin, the official organ
of the National Retail Hardware As
sociation. The sucess of this asso
ciation and its bulletin is due more
to Mr. M. L. Corey of Argos than io
any other man. It was through
his efforts and genius that the Bul
letin was made a financial success
and has grown from a little pam-
New Office Building of National Retail Hardware Association, Argos, Indiana.
plilet to its present 140 pages. j stained in imitation
Above is presented a fine picture Berger steel ceilings
of the new office building of the
Association at Argos, just recently
occupied by the office force. The
build ins is 60x40 ft two stories
Hgii, has electric lights and hot "wat
er heating system. The exterior
walls are grey brick with cement
foundation. Floors are hard maple,
other interior woodwork is birch
XiPEvn -Cakes'
of
mahogany,
throughout.
The building is plain but neat in ap
pearance and well suited for its pur
pose, conveniencs and service be
ing sought rather than display. The
first floor is given to the general
offices and mailing room. Tne di
rectors room is on the second floor
as are also the offices and equip
ment of the Bulletin.
Plymouth, Ind.. Xov. '22. ItMl.
Dear Friend:
We have nice cakes for break
fast every morning ever since we
found some nice syrup to put "n
them. We must use a gallon every
two weeks.
But it is not expensive, for we
get a whole gallon of Karo or White
King 4 Extra Quality Syrup" for
45 ets.. and its the best too.
Your Friend, Jacob.
P. S. We have got out of the habit
of going to any other place for our
groceries but
HOOVER'S
Head The Weekly Republican.
gas for rot hing, the cost of power
being then merely that of operating
the gas engines, together with capi-j
tal charges on the same.
Altluugli these claims may be j
somewhat optimistic, savs Mr. Davis '
it :s cbar that if each ton of the
cr:tically dry peat gasified yields
from Tö'liOO 'to DO.OOO cutic feet of
producer gas. the calorific value of
whieh is from 125 to 13.3 British
thermal units per cubic foot, and
also, gives 200 j-oumls of sulphate
of ammonia as a by-product, the op
eration of. a plant consuming 10 tons
cf dry peat fuel a day would pro
duce a ton of .the ammonia salt.
The pric? of sulphate of ammonia
has for some years remained verv
uniform at about $0 per ton in
spite of enormously increased pro
duction. This proc?ss. wl ic:i is of practical
app'i ration in the United States, Mr. j
Davis, believes, should te investigat
ed carefully bv owners of American
i
1 1895
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PJl fc dJMM ll MM tM0 I II Ml1
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Plymouth
1911
team Laund
ry
3C
tninprl n hv-rrrwln-rf Aft Tlot-io
f . ... , peat lan.ls. n any of winch are verv
quotes lrcm a report wincn show-:, . , .
as-producer plants us
that where
mg peat are carefully managed so
great are the profits obtainable that
it is often possible, while asking no
credit whatever" for the value of
the pewnr gas, to obtain as much s
100 per cent profit from sulphate of
ammonia alone, after making prop
er allowance for the cost of digging
ti e peat,' brincing it to the plant,
and for labor, stores, capital, shares,
etc. Indeed, with peats compara
tively poor in nitrogen, it is pos
cible in any cases to produce the
rich in nitrogen, some Gevernment
analyses .l:owinjr as high as 3.3Ö
per cent of combine! nitrogen. Peat
consumption of all kinds in the
United States in 1910 amounted to
$182,147. The report cn the pro
duction of peat in 1910 can be obtained-by
applying to the Director,
United States Geological Survey,
Washington, D. C.
J
PARKER'S
HAIR BALSAM
ClMun and brmutifie th hair.
lYomotc luxuriant frrowth.
Npw Falls to Bestore Gray
Hair to :t Youthful Color.
Cum fca'.p iliwaac Jt hair falling.
6Qc. ami jUlOat PniFiiU
FÜ3
m
m
Our plant is equipped with modern
machinery and we put forth every ef
fort to give you the best service possi
ble. Phone 638 and we will call for
your work.
Ill
Center
Street